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A bond has a face value of $15000 and pays an annual coupon rate of 7.1%. The bond is selling for $14830 now and is expe
Posted: Tue Nov 16, 2021 8:19 am
by answerhappygod
- A Bond Has A Face Value Of 15000 And Pays An Annual Coupon Rate Of 7 1 The Bond Is Selling For 14830 Now And Is Expe 1 (16.35 KiB) Viewed 173 times
A bond has a face value of $15000 and pays an annual coupon rate of 7.1%. The bond is selling for $14830 now and is expected to be sold for $14820 one year from now. What is the bond's expected rate of return? Answer: % (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES)